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let's look at the headlines from "the new york times." a similar headline this morning from "the washington post." maynard dropped the effort to avert the fiscal cliff. -- the john boehner drops the effort to avert the fiscal cliff. this from "the washington -- the wall street journal." the deadline looms with the fiscal cliff, that story available on line. joining us live, meredith who has been following this since it started. what happened to the caucus last night? caller: there is the surface answer, what happened when they were leaving the room. i think the most telling detail and what you have seen and the most outlets is that apparently when the speaker calls one of these meetings, it is so he can gen of the final votes and try to get enough votes to pass an initiative. that was not even the purpose of this particular session. he was calling them in to tell them they were not going to have the votes and to go home for christmas. that is a telling detail that apparently the speaker got in front of the room and said the serenity praye
let's look at the headlines from "the new york times." a similar headline this morning from "the washington post." maynard dropped the effort to avert the fiscal cliff. -- the john boehner drops the effort to avert the fiscal cliff. this from "the washington -- the wall street journal." the deadline looms with the fiscal cliff, that story available on line. joining us live, meredith who has been following this since it started. what happened to the caucus last...
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the new york times today had a front page story about the swiss cheese nature of the f.b.i.'s recordkeeping pertaining to those who have mental illness or those who shouldn't carry a weapon because of their criminal imness. >> listen, michael. talking about mental illness, they are opposed to background checks on people who go to gun shows, who sell guns to each other privately, not to gun stores. >> i know. i was shocked about that. i wish we had more time. thank you, david corn. thank you, steven sibolt. when we return, allow me to finish with "zero dark 30" and the difference one ball can make. you're watching "hardball," the place for politics. so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. mmm i can still see you. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our
the new york times today had a front page story about the swiss cheese nature of the f.b.i.'s recordkeeping pertaining to those who have mental illness or those who shouldn't carry a weapon because of their criminal imness. >> listen, michael. talking about mental illness, they are opposed to background checks on people who go to gun shows, who sell guns to each other privately, not to gun stores. >> i know. i was shocked about that. i wish we had more time. thank you, david corn....
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done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them off of their lows. take a look at dow industrials. big problem is we broke below early morning lows at about 11:30. that's not a good sign. because traders who buy in, trying to trade around the low positions of the day see that, and it makes them much more nervous. hard for us to lift in the middle of the day. take a look at major sectors of big movers recently in the bank stocks and all of the home building stocks, the ones down the most. and of course, the havens, dollar and gold are up today. believe it or not, we hit the highest levels in the vicks. sue? >> thank you. >>> up
done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them...
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peter madoff was sentenced to ten years in prison yesterday in new york on charges of conspiracy and falsifying records. bernie madoff is serving a 150 year prison term. >>> finally, we're still here. these pictures are from a ceremony led by mayan priests in guatemala marking the end of the mayan calendar, aka, what was supposed to be the end of the world. no word on what doom sayers camped out at this mountain in france are doing today. they have been there for days believing that when the end of the world came a ufo would come to the mountain and rescue them. >>> got milk? you could be in for a major shock. mandy is here with what's moving your money. prices, i saw this headline and couldn't believe it. 6 to $8 a gallon? >> it is unbelievable. that is if congress does not pass a new farm bill, chris, that amends farm policy that dates back to the truman presidency. obviously this has been kind of lost in that brouhaha of what's going on between the obama administration and republicans over the fiscal cliff and the budget wranglings, and there is believe it or not an impasse over a
peter madoff was sentenced to ten years in prison yesterday in new york on charges of conspiracy and falsifying records. bernie madoff is serving a 150 year prison term. >>> finally, we're still here. these pictures are from a ceremony led by mayan priests in guatemala marking the end of the mayan calendar, aka, what was supposed to be the end of the world. no word on what doom sayers camped out at this mountain in france are doing today. they have been there for days believing that...
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>> here's -- i'm glad it's going on in new york. they're getting ready for the holiday season. >> they've got their eye on the ball. >> i don't know what's going on there. >> let's just throw those away. john boehner had a bad night last night. >> yeah. a picture on the front page of "the new york times" seemed to say it all. >> yeah, my goodness. >> look at his face. >> he said a prayer last night. he undertook a gambit. he decided that he was going to walk away from negotiations and try to get republicans to support a tax increase on people making $1 million or more. without any spending cuts on the other side. and conservatives told him no. >> when we -- when this first came up, we talked about it on the air. you talked with chuck and had an exchange with chuck on this. you asked if he would take it. what was your answer? or should we show it? >> sure. >> let's show it. let's pull the exchange between joe and chuck had this first plan "b" came up. >> how we could have possibly seen this coming because there was no hint that a con
>> here's -- i'm glad it's going on in new york. they're getting ready for the holiday season. >> they've got their eye on the ball. >> i don't know what's going on there. >> let's just throw those away. john boehner had a bad night last night. >> yeah. a picture on the front page of "the new york times" seemed to say it all. >> yeah, my goodness. >> look at his face. >> he said a prayer last night. he undertook a gambit. he decided that...
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joining me now john harwood cnbc's chief washington correspondent and political writer for the "new york times" and nancy cook, economics correspondent for the national journal. okay. wow. a big night last night. john, let's talk about the impact on the economy. this is not the debt ceiling. this is not sort of our credit rating will immediately drop. but wall street seemed to have thought for a while that, okay. they're going to talk and talk. >> so did i. >> and i did too. a deal is in the offing. now that a deal may not be in the offing, what's the impact on the economy, broadly? >> well, we saw the market futures go down last night. we expect a down day in the markets today. the decline hasn't been quite as steep as some people expected. but you do see a potential hit for confidence if it's not worked out. it's not set that we're not going to -- that we're going over the cliff. in fact, i think there is a significant chance that either a medium deal or a very minimalist deal just kicking the can down the road for a couple months passes. but i do think that the more times we have thes
joining me now john harwood cnbc's chief washington correspondent and political writer for the "new york times" and nancy cook, economics correspondent for the national journal. okay. wow. a big night last night. john, let's talk about the impact on the economy. this is not the debt ceiling. this is not sort of our credit rating will immediately drop. but wall street seemed to have thought for a while that, okay. they're going to talk and talk. >> so did i. >> and i did...
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the new york knicks are in first place. i'm telling you, if that's not the end of the world. >> boy, it was cold. it was snowing in nevada last night. they got snow. it was so cold. i was shivering like a mayan heading for the a mayan heading fiscal cliff. it doesn't make any sense, really. >> i hate to be a buzz kill, but according to the mayans, the world is ending tomorrow. of course, for me, it ended with the series finale of "gossip girl". >> here's what's going on. after three years and six seasons, the final episode of "jersey shore" aired tonight. or, as the mayans put it, so we're off by one day. >> so, you know, nasa has actually been flooded by calls of people wanting to know what to do. i guess nasa is the place to call if you are afraid of the end of the world. many people stocking up on supplies and in new york and elsewhere, all kinds of big parties for people looking for one final fling. you know what i'm talking about there. >> what was that? >> one last final fling. you know what i'm talking about there. "
the new york knicks are in first place. i'm telling you, if that's not the end of the world. >> boy, it was cold. it was snowing in nevada last night. they got snow. it was so cold. i was shivering like a mayan heading for the a mayan heading fiscal cliff. it doesn't make any sense, really. >> i hate to be a buzz kill, but according to the mayans, the world is ending tomorrow. of course, for me, it ended with the series finale of "gossip girl". >> here's what's going...
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nicole petallides is on the floor of the new york stock exchange. nicole: the dow jones industrials are down. not one of the energy names have an up arrow today. there is a lookout merk oil. down 2.3%. that is something they have been working on. however, at the same time, you can see the group continues to sell off. there is so many worries about washington. the truth is you are seeing selling across the board and the financials continue to be under significant pressure. that to you. melissa: the nra is speaking out today. violent video games and movies share blame for such a tragedy and calling for armed police and such schools. >> they are already in some schools and school systems. we decided to figure out what would this cost. fox business has determined if he were to put an armed police officer in every private or public school, it would be roughly $5 billion to taxpayers assuming the security guard is making an average of $34,000. wayne from it nra had the press conference where he called uuon all kinds of issues, but made it very clear and s
nicole petallides is on the floor of the new york stock exchange. nicole: the dow jones industrials are down. not one of the energy names have an up arrow today. there is a lookout merk oil. down 2.3%. that is something they have been working on. however, at the same time, you can see the group continues to sell off. there is so many worries about washington. the truth is you are seeing selling across the board and the financials continue to be under significant pressure. that to you. melissa:...
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western new york will get some snow. that's mostly lake enhanced snow on the back side of this storm later on today into tonight. tomorrow, new york state throughway will be rough and driving through west virginia will be tough. today, by far, hands down, the worst of the travel weather. the worst airport delays. if you can avoid traveling today, do so with ease as we go throughout your saturday and your sunday. much of the country looks just fine throughout the next couple of days. i know it's a rainy, ugly morning in new england. there is a chance for some light snow to move through christmas eve night and waking up christmas morning to a nice little white coating on the ground. so just keep that in mind for anyone that's really disappointed about no white christmas in new england. we're not done yet. >> we'll keep our fingers crossed. >>> we've got some sports to talk about. the jets may be ready to replace mark sanchez with a high-priced turnover prone michael vick. the "new york daily news" reporting vick who was ex
western new york will get some snow. that's mostly lake enhanced snow on the back side of this storm later on today into tonight. tomorrow, new york state throughway will be rough and driving through west virginia will be tough. today, by far, hands down, the worst of the travel weather. the worst airport delays. if you can avoid traveling today, do so with ease as we go throughout your saturday and your sunday. much of the country looks just fine throughout the next couple of days. i know it's...
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you know, it's a cold and drizzly day here in new york city. but still nice to be alive. >> you got this e-diets logo behind you at the nasdaq and you're going on a big diet from what i understand. >> yeah. you know, part of my new year's resolution is to become more healthy. so e-diets has kind of reached out to me, in hopes of a partnership and we've been able to forge very formally and quickly and officially, as, you know, as we speak, and so i'm here representing both of those brands. and a newly formed union. >> so what's the goal? how much are we going to lose? >> i think i could, if i'm effective enough i could lose about 50 pounds. that's what i'd like to do. >> now e-diets bring you food to your home? how does it work? >> you have to understand. like there's a misconception. being overweight is often associated with overeating. but sometimes, you know, it can come from not eating enough. so that's why you need to eat the proper portion throughout the day. so you have to schedule your eating the same day you schedule itinerary and how y
you know, it's a cold and drizzly day here in new york city. but still nice to be alive. >> you got this e-diets logo behind you at the nasdaq and you're going on a big diet from what i understand. >> yeah. you know, part of my new year's resolution is to become more healthy. so e-diets has kind of reached out to me, in hopes of a partnership and we've been able to forge very formally and quickly and officially, as, you know, as we speak, and so i'm here representing both of those...
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works in new york is that we take the gun law seriously. we do do gun buybacks and we have a police force that takes finding illegal guns wherever they are in the city very, very. >> eliot: one of the things that happened this past week obviously, cerberus, the private equity firm agreed to sell or chose to sell the freedom group which controls many gun manufacturers so sort of equity came to play and you referred to the fact that silicon valley folks and other tech types are coming to play now in this arena. is there an angle here that finance can say to the companies that produce and support the nra, the drive the ideology that is pro gun can be pushed back on their heels a little bit by folks who say we don't want to make money that way. we don't want our dollars invested that way. is there a way to sort of change their perspective through a mercenary argument but nonetheless, one that might work? >> well, we were really delighted as you might imagine to have the support of the tech leaders who are titans in their industry. who are speak
works in new york is that we take the gun law seriously. we do do gun buybacks and we have a police force that takes finding illegal guns wherever they are in the city very, very. >> eliot: one of the things that happened this past week obviously, cerberus, the private equity firm agreed to sell or chose to sell the freedom group which controls many gun manufacturers so sort of equity came to play and you referred to the fact that silicon valley folks and other tech types are coming to...
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and binghamton, new york. that will be over the top of boston this afternoon. the back side of the storm has a lot of snow with it. areas in white. snowing hard in northern indiana through michigan. that snow will rotate through cleveland throughout the morning. very dangerous roads in cleveland as the colder air moves in. everything will be freezing. again, we're locked into the rain for the whole morning commute from philadelphia to new york city. it doesn't look like it will clear out until about noon today. so that's the bottom line for the new york city area down to philadelphia, d.c., any time after noon today your travel will be fine. breezy and windy, but not like this morning. >> thanks so much, bill. >>> a shocker on capitol hill last night as house speaker john boehner's plan b backfired. the deadline for the fiscal cliff is approaching faster than santa's sleigh. and speaker boehner's power may be severely damaged as official gop members balk at his pleas. >> reporter: the vote on boehner's plan b
and binghamton, new york. that will be over the top of boston this afternoon. the back side of the storm has a lot of snow with it. areas in white. snowing hard in northern indiana through michigan. that snow will rotate through cleveland throughout the morning. very dangerous roads in cleveland as the colder air moves in. everything will be freezing. again, we're locked into the rain for the whole morning commute from philadelphia to new york city. it doesn't look like it will clear out until...
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here's what is happening with the delays, predominantly in new york, laguardia, jfk. boston as well. laguardia to newark to boston. san francisco has had four-hour delays. now 3 1/2 hours and it is weather-related there, too. ft. lauderdale is having a volume issue. this is the exiting storm, this rain that is leaving. skies are drying out but temperatures will drop precipitously. this is where the travel will really get tough. rochester, buffalo, six to 12 inches of knsnow coming for the. washington, baltimore, clears out for tomorrow and sunday. although it will still be windy. there's the heavy snow in western new york. driving i-90 through the weekend is really difficult. as we head towards sunday, this is the biggest travel headache from seattle all the way down to san francisco. northern california does some very heavy rain and wind for the next couple of days. lisa? >> sounds like everyone is going to have to really be patient as they try to get home for the holidays. >> yes. >> alexandra, thanks. it's not going to be easy but we'll see, hopefully it won't be t
here's what is happening with the delays, predominantly in new york, laguardia, jfk. boston as well. laguardia to newark to boston. san francisco has had four-hour delays. now 3 1/2 hours and it is weather-related there, too. ft. lauderdale is having a volume issue. this is the exiting storm, this rain that is leaving. skies are drying out but temperatures will drop precipitously. this is where the travel will really get tough. rochester, buffalo, six to 12 inches of knsnow coming for the....
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more snow showers in upstate new york. look at your high temperatures. 37 degrees around central park in new york. 40 in louisville. mild temperatures across the south. we're looking at still some unsettled weather across the west with 44 degrees in seattle. rain four but snow in the higher elevations. another system on the west coast for sunday from seattle to l.a. and san diego. middle of the country looks great for traveling. i-35 corridor looks fantastic. most of i-95 should being a great for traveling as well. once you get inland you'll run into that lake-effect snow. it will pile up. here's a look at your high temperatures. not very high at all. minneapolis your high temperature only 23 degrees will be in the mid-30s from chicago on over towards new york city, 38 degrees in boston not bad in atlanta 59 and be in the 70s in dallas, texas. we are previewing our next storm system. this is a look at your christmas eve. if you're traveling along i-20 between birmingham and atlanta you'll hit rain showers. i-10 along the g
more snow showers in upstate new york. look at your high temperatures. 37 degrees around central park in new york. 40 in louisville. mild temperatures across the south. we're looking at still some unsettled weather across the west with 44 degrees in seattle. rain four but snow in the higher elevations. another system on the west coast for sunday from seattle to l.a. and san diego. middle of the country looks great for traveling. i-35 corridor looks fantastic. most of i-95 should being a great...
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york very powerful position in new york city. i wish every city in the country had one. you can follow his good work and the work of his office online at advocate.nyc.gov? correct? >>. >> correct. >> bill: bill, who makes these decisions and how can we bring it about? we all see the need. can people put pressure on these pension boards are pretty closed-room deals. aren't they? >> they have been historically, bill, but they don't need to be. i will tell you why. first of all, the money being invested for retirees from public service. retirees, themselves have an investment and a connection to it. the unions involved sit on the boards in many cases. a lot of the folks who do the voting are publically elected officials. i think what has happened in the past, it has all been left in the shadows. the anti-apart i'd movement a few other moments that came out to the forever. i think it's crucial for citizens to let their public officials they want not just the pencil money but every kind of public money that's spent, you know, procurem
york very powerful position in new york city. i wish every city in the country had one. you can follow his good work and the work of his office online at advocate.nyc.gov? correct? >>. >> correct. >> bill: bill, who makes these decisions and how can we bring it about? we all see the need. can people put pressure on these pension boards are pretty closed-room deals. aren't they? >> they have been historically, bill, but they don't need to be. i will tell you why. first of...
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first, why are the folks at "new york magazine" comparing sarah palin to groucho marx? well, it has something to do with this famous groucho line. i don't want to belong to any club that will accept me as a member. here is palin weighing in on "time" magazine's selection of president obama for person of the year. >> "time" magazine, i think there's some irrelevancy there to tell you the truth. consider their list of the most influential people in the country and in the world, some who have made that list, yours truly. that ought to tell you something right there. >> that ought to tell you something right there. there's the groucho connection. she can't be on board with the pick because they considered her back in 2008. >>> humor columnist andy borowitz went in a different direction saying mitt romney could be person of the year if the year was 1912. he wrote a man of the year spoof. quote, even though his quest for the presidency was unsuccessful, mr. romney's ideas about foreign po inequality, and women's rights typified the year 1912 as no one else has. mr. romney cou
first, why are the folks at "new york magazine" comparing sarah palin to groucho marx? well, it has something to do with this famous groucho line. i don't want to belong to any club that will accept me as a member. here is palin weighing in on "time" magazine's selection of president obama for person of the year. >> "time" magazine, i think there's some irrelevancy there to tell you the truth. consider their list of the most influential people in the country...
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joining us here in new york is rabbi eric yoffe for the union for reformed judaism. thank you for coming inside "the war room." >> happy to be with you. s. >> john: you wrote a deeply powerful piece in "huffington post" and everybody out there atheist and believer alike should read called "gun worship is blasphemy." what was it that prompted you to go with that particular title? >> i believe that gun control is a religious issue. we have turned guns into idols and the worship of idols is blasphemy and the only proper response to blasphemy is moral outrage and moral action. that's what that piece was about. >> john: i want to talk with you about the whole morality of gun culture. a lot of people are struggling with where do you draw the line between wanting to protect your family and giving easy access to weapons designed to kill people to whoever wants them. >> we're not talking about protecting your family. we all support that. all of the major religious traditions support that. we recognize the constitutional issues which allow us to bear arms. the question is do y
joining us here in new york is rabbi eric yoffe for the union for reformed judaism. thank you for coming inside "the war room." >> happy to be with you. s. >> john: you wrote a deeply powerful piece in "huffington post" and everybody out there atheist and believer alike should read called "gun worship is blasphemy." what was it that prompted you to go with that particular title? >> i believe that gun control is a religious issue. we have turned...
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Dec 21, 2012
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the rain shield is about to push through new york. you get a dry slot, upstate mix of sleet as well but mostly a rain event through the i-95 corridor. ponding on the roadways with the gusty winds the main threat from maine to central georgia and back through the ohio river valley, wind advisories and wind watches and warnings for potential gusts over 50, we've already seen that, miles an hour. snowfall forecast mostly east of the great lakes and in through the mountains. no snow expected across the cities but enough wind and rain to keep us busy today. >> rob marciano in atlanta we'll be follow the storm all day. >>> the sound of silence in newtown. people in connecticut and around the country will open a moment of silence at 9:30 eastern time, exactly one week after the shooting at the sandy hook elementary school. church bells will ring 26 times to honor each of the victims, three more funerals will be held today. connecticut's governor asked for this to be an official day of mourning. >>> president obama plans to observe the moment
the rain shield is about to push through new york. you get a dry slot, upstate mix of sleet as well but mostly a rain event through the i-95 corridor. ponding on the roadways with the gusty winds the main threat from maine to central georgia and back through the ohio river valley, wind advisories and wind watches and warnings for potential gusts over 50, we've already seen that, miles an hour. snowfall forecast mostly east of the great lakes and in through the mountains. no snow expected across...
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it's chaired by new york mayor michael bloomberg and boston mayor thomas menino. is there was a lot in that address. 235-- 25 minutes long. but it might be boiled down into one statement. 9 only thing that stops a bad guy with a gun is a good guy with a gun. what was your response to wayne la pierre's message today? >> well, generally i was surprised. and i have been watching the nra for a long time. my dad was a gun deal never colorado, among other things. and you know, i sort of know that nra members are basically mainstream folks with mainstream views on guns. and the nra is normally a smart organization or thought to be. but today's statement is probably the best evidence of i have seen that the organization has a serious political positioning problem. it was incoherent it was factually incorrect. and it was so politically tone deaf to suggest to a nation that a sort of rising up for action, that the answer to to many guns in our society is to put an rnl aed guard in the class room, i think that wayne la pierre has a problem within the country but also within
it's chaired by new york mayor michael bloomberg and boston mayor thomas menino. is there was a lot in that address. 235-- 25 minutes long. but it might be boiled down into one statement. 9 only thing that stops a bad guy with a gun is a good guy with a gun. what was your response to wayne la pierre's message today? >> well, generally i was surprised. and i have been watching the nra for a long time. my dad was a gun deal never colorado, among other things. and you know, i sort of know...
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the ripple effect o'hare has that can delay flights out of new york, l.a., it is not happening. on time, on time, all the way down. you can thank the guy who built lake michigan and built it close to the city. all the warm water, had warm air, turned snow into rain. over chicago we're looking at blue skies. chicago is like an island of good weather in a sea of bad weather. to the north, wisconsin, dane county, madison, snow was dumped there, 20 to 12 inches there. tens of thousands people without power. also iowa looking at snow like they haven't seen since 2009. roads are closed. there are traffic fatalities there. central illinois covered with snow. 10 of thousand of people without power. northern indian, tens of thousands people without power. most of pouter outages due to wind gusts topping at 50 miles per hour. how that affects everybody else around the country, blue skies over oy hair airport. a few flight cancellations. in terms of weather chicago is looking setting a record, 301 days without enough snow to measure it, megyn. megyn: wow, that is something in chicago. mike
the ripple effect o'hare has that can delay flights out of new york, l.a., it is not happening. on time, on time, all the way down. you can thank the guy who built lake michigan and built it close to the city. all the warm water, had warm air, turned snow into rain. over chicago we're looking at blue skies. chicago is like an island of good weather in a sea of bad weather. to the north, wisconsin, dane county, madison, snow was dumped there, 20 to 12 inches there. tens of thousands people...
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kerry kennedy joining us from new york. thank you very much for being here. there was a moment of silence throughout the country and of obviously a lot of people who are grieving today and will continue to grieve. what can you say to the friends and to the foreign ministamilie victims in connecticut. i'm sure you understand more than anybody what they must be suffering and going through. >> to the people and to the family members i would say my heart and my prayers are with you and i can't imagine the pain that you're suffering right now and i think for the rest of the country who is looking at this, i would say this is a moment of terrible horror and sit with it, think about this, you know, this is walking through the mouth of hell and whenever we have that it's a time for discernment. let's gain the wiss demeanor that it has to teach us about who with we are as a people and as a country. >> how do people get through what you call that hell? >> well, i think, again, really trying to think about what the lessons learned are and not and for our family, of cour
kerry kennedy joining us from new york. thank you very much for being here. there was a moment of silence throughout the country and of obviously a lot of people who are grieving today and will continue to grieve. what can you say to the friends and to the foreign ministamilie victims in connecticut. i'm sure you understand more than anybody what they must be suffering and going through. >> to the people and to the family members i would say my heart and my prayers are with you and i...
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christine romans is in new york. dan lothian, our white house correspondent, is at the white house right now. but christine, i want to start with you and the bottom line. i mean, political posturing aside, if we go off the fiscal cliff, everybody's taxes are going to be raised an average of what, between $3,000 and $4,000 and if the stock market continues to tank, no one will be able to retire until they're 92 years old. >> merry cliff-mas, to all a good night. i don't see a path forward here. that's what's so interesting about what you have here. we're right where we started. it's like ground hog day only the movie was funny. this isn't funny. this is two sides who can't get together, and you've got one side talking about spending cuts, the other side talking about taxes, and we're just right where -- we are literally right where we started, carol, and you've got payroll processors who say it's already too late. the irs saying 30 million people could pay higher amt and 100 million people are going to have tax refund
christine romans is in new york. dan lothian, our white house correspondent, is at the white house right now. but christine, i want to start with you and the bottom line. i mean, political posturing aside, if we go off the fiscal cliff, everybody's taxes are going to be raised an average of what, between $3,000 and $4,000 and if the stock market continues to tank, no one will be able to retire until they're 92 years old. >> merry cliff-mas, to all a good night. i don't see a path forward...
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he is with us from new york. yesterday, we spoke about the normalcy of the stock market but today reaction to what happened in washington with stocks tumbling, down more than 120 points. michael, thank you for being with us yet again. what are you looking at, here in washington, what our financial experts telling you? guest: the maneuvers yesterday, the failure to bring the boat disturbed a little bit of an overly comfortable consensus here in washington that a deal was pretty much in the bag. i think we are now having to yesterday, the failure toreconcile the newh is nothing likely to happen today. obviously, you want to hear what the speaker has to say. but right now, the market is hopeful that it gets at least what i would call a small bargain. i think that would be enough to satisfy financial types. let alone a very big picture budget questions that seemingly have been on and off the table variously for the past few weeks. host: "the wall street journal" in an editorial suggesting extending reality, which all
he is with us from new york. yesterday, we spoke about the normalcy of the stock market but today reaction to what happened in washington with stocks tumbling, down more than 120 points. michael, thank you for being with us yet again. what are you looking at, here in washington, what our financial experts telling you? guest: the maneuvers yesterday, the failure to bring the boat disturbed a little bit of an overly comfortable consensus here in washington that a deal was pretty much in the bag....
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now we're getting word offing delays -- lengthening delays as cities like new york and philadelphia get hit. jon: the storm system also packing ferocious winds, winds that knocked down trees and tore down par lines -- power lines. take a look at the scene in green county, tennessee, where 1500 homes lost fire. more than 130,000 customers across the region. jenna: setting you up for some hot chocolate and a good fire. jon: that sounds good to me. jenna: good news for some kids out there, it's the perfect opportunity to break out the sled or build a snowman. the blizzard also forcing schools across the midwest to take snow days. and by the way, first day of winter. jon: but the world didn't end last night. jenna: can you knock on wood just because anything can happen at any moment, as we know. jon: that's right. rick reichmuth is live in the fox news extreme weather center. >> reporter: hey, guys, it's weakening a bit, and it's moving offshore, basically. so the worst of the storm is done, but take a look at some of these totals. verona, wisconsin, 20 inches of snow. it's good news, the f
now we're getting word offing delays -- lengthening delays as cities like new york and philadelphia get hit. jon: the storm system also packing ferocious winds, winds that knocked down trees and tore down par lines -- power lines. take a look at the scene in green county, tennessee, where 1500 homes lost fire. more than 130,000 customers across the region. jenna: setting you up for some hot chocolate and a good fire. jon: that sounds good to me. jenna: good news for some kids out there, it's...